Aldi to invest £650m into store estate
Aldi has announced plans to invest £650m into expanding its presence across the UK.
The supermarket retailer will invest the funds into developing new stores in locations such as Fulham Broadway in London, Billericay in Essex, and Cheadle in Stoke-on-Trent.
Aldi is planning to open around 30 new stores in 2025 as it looks to reach its long-term target of 1,500 locations in the UK. Recently, the supermarket announced that it is opening 11 new stores in the run-up to Christmas, capping off a year in which it invested £800m into its store estate.
Giles Hurley, chief executive at Aldi UK and Ireland, said: “At Aldi, our unwavering commitment has always been to provide Britain with the best value groceries.
“The demand for our unbeatable prices is now at an all-time high, which gives us the confidence to continue investing in Britain to provide greater access to our award-winning products at the lowest prices.
“We recognise that there are still areas without an Aldi store, so our expansion plans for 2025 are designed to address some of these gaps as we work towards our long-term goal of 1,500 UK stores.”